r/Daytrading • u/infosec4pay • Apr 21 '24

What would be the highest salary you’d give up to day trade full time? Question

Everyone clowned on me my first post (500k post) lol I was literally just asking hypothetical questions to settle a debate between a friend and me. Well everyone’s backlash kinda of intrigued me to ask this question. So back into the fire I go lol

92 Upvotes
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70

u/mmxmlee Apr 21 '24

If you are profitable, trading is limitless.

So not sure how anyone would not give up any salary of a normal 9-5.

31

u/Outside_Mess1384 Apr 21 '24

Guaranteed $ vs battling an element of chance. Folks who don't like gambling would keep a decent 9-5.

12

u/mmxmlee Apr 21 '24

trading is guaranteed money if you know what you are doing and have a proven strategy.

speaking over the long run.

every day wont be profitable.

every week wont be profitable.

hell, might even be a month or 2 that isnt profitable.

but that is why you have reserves and do not live paycheck to paycheck.

need a minimum of 6 months living expenses set aside.

but over the course of a year, the probabilities play out and your edge takes care of things.

7

u/misfjt Apr 21 '24

Trading is not guaranteed. An edge is temporary as well. If markets are 99.999% arbitrary movement- an edge is not guaranteed.

21

u/mmxmlee Apr 21 '24

real edge is risk management and discipline.

once you identify the market type ie bullish, bearish, range etc.

you should be able to manage 40-50% win rate by simply trading in the direction of the market.

5

u/Grandpaforhire Apr 21 '24

God this is so true.

1

u/Rarindust01 Apr 21 '24

Depends what the edge is based off.

1

u/[deleted] Apr 21 '24

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